Qudos Bank

Selected as the tenant representative of Qudos Bank, TRS was briefed to act on their transaction management and fitout advisory. Briefed with a Stay versus Go project, Qudos Bank sought a premises that consolidated their operations in a centrally located Head Office, enabling greater flexibility for staff and operations.

TRS used our intimate market knowledge of the peripheral Sydney markets to investigate both existing buildings and greenfield sites for Qudos Bank. On final selection and at the conclusions of all negotiations, they opted to consolidate operations into the newly constructed communication quarters at 191 O’Riordan St in Mascot.

The new site allowed Qudos Bank to use their incentives negotiated by TRS to facilitate a brand new fit-out.  The efficiency of the TRS process completed the relocation and fitout project on schedule and within budget. Overall, the project was highly successful, with Qudos Bank’s new premises a fantastic workplace for staff that aligns with the bank’s operational needs.

Parties involved in the transaction

  • Independent Advocate: TRS acting on behalf of Qudos Bank
  • Landlord: Goodmans
  • Property Company: negotiated direct with the Landlord
1,500-2,500sqm
/
Mascot
/
Finance

Tenant Advocacy: 12-18 Months

  • Space evaluation
  • Market investigation & search
  • Inspection
  • Financial evaluations
  • Property negotiations
  • Lease execution for brand new building
  • Financial target exceeded

Fitout Advisory: 9-12 Months

  • Design brief for brand new fitout
  • Contractor selection
  • Budgets
  • QS Selection
  • Fitout negotiations
  • Delivery and handover – on time and on budget
  • Relaunch global design standards

 

Qudos Bank engaged TRS to help navigate the complex process of finding suitable premises for our organistion’s Sydney operations. TRS guided us smoothly through the entire process, ensuring our business needs were met both now and for the future.

Luke Tsafis Manager Wealth Management & Superannuation
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